Cummins Announces New $1 Billion Stock Repurchase
Program

COLUMBUS, IN--December 11, 2012: Cummins Inc.
today announced that the Board of Directors has
authorized the Company to repurchase up to $1 billion in shares of
common stock.

“We continue to have confidence
in the Company's future performance and our strong
balance sheet allows
us the flexibility to fund future growth and to continue to reward
shareholders.”

The program was approved as the Company approaches completion of its
current $1 billion share repurchase program approved by the Board in
February 2011.

"The announcement of this new repurchase program
reinforces our
commitment to returning value to shareholders and follows a 25
percent
increase in the dividend announced in July," said Cummins
Chairman and
Chief Executive Officer Tom Linebarger. "We continue to
have confidence
in the Company's future performance and our strong
balance sheet allows
us the flexibility to fund future growth and to continue to reward
shareholders."